Ecuador votes to bar politicians from keeping assets in tax havens

clock • 4 min read

As expected, voters in Ecuador have officially approved a proposal to prohibit elected officials and other public servants from  being allowed to keep their personal assets, including companies and capital, in overseas tax havens. However, the outcome of the 19 February referendum – which saw 55.12% of voters in favour of the plan and 44.88% opposed to it, and took more than a week to be officially known – has been little reported by the world media, in spite of its seeming significance in a world that is increasingly moving towards greater transparency and exchange of tax-relevant infor...

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